Subsequent Events |
3 Months Ended |
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Apr. 30, 2026 | |
| Subsequent Events [Abstract] | |
| Subsequent Events | Subsequent Events On May 12, 2026, Jennifer Hyman, the Company’s Chief Executive Officer and President of the Company, resigned effective as of May 15, 2026. Pursuant to the Separation, Advisor and Release Agreement between Jennifer Hyman and the Company dated May 12, 2026, she will receive a monthly advisory fee of $62,500 through January 31, 2027, and the payment of $1,587,000 made in October 2025 will vest and no longer be subject to clawback. Additionally, 103,047 restricted stock units will accelerate and vest as of May 25, 2026 resulting in approximately $457,000 of share-based compensation expense to be recognized during the three months ended July 31, 2026. A number of the restricted stock units granted in December 2025, having an aggregate value of $375,000 will remain outstanding and eligible to vest on January, 31, 2027, subject to her continued service with the Company through January 31, 2027. The Company will account for this award as a liability-classified award, remeasure its fair value at each subsequent reporting date, and recognize the related expense through January 31, 2027. The Company appointed Teri Bariquit as interim Chief Executive Officer and President effective as of May 15, 2026. Pursuant to the Statement of Work between Teri Bariquit and the Company dated May 12, 2026, she will receive a monthly consulting fee of $50,000, an annual bonus of up to $125,000, and a performance stock unit award comprising 100,000 shares of the Company’s Class A common stock. On May 18, 2026, Sid Thacker, the Company’s Chief Financial Officer, resigned effective on or about June 3, 2026. On June 3, 2026, the Company appointed David Loretta as interim Chief Financial Officer and Treasurer effective as of June 8, 2026. He will receive an annual base salary of $540,000 and will be eligible to receive a target cash bonus of 35% of his annual base salary for the current fiscal year, pro-rated based on his tenure with the Company. The Company is conducting a search for a permanent Chief Executive Officer and President and Chief Financial Officer.
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